Nepsis Inc. Buys 6,508 Shares of American International Group, Inc. (NYSE:AIG)

Nepsis Inc. boosted its position in American International Group, Inc. (NYSE:AIG - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,842 shares of the insurance provider's stock after buying an additional 6,508 shares during the period. American International Group makes up about 2.9% of Nepsis Inc.'s holdings, making the stock its 8th biggest position. Nepsis Inc.'s holdings in American International Group were worth $20,009,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AIG. Curated Wealth Partners LLC raised its stake in shares of American International Group by 7.2% during the 4th quarter. Curated Wealth Partners LLC now owns 24,860 shares of the insurance provider's stock worth $1,810,000 after buying an additional 1,680 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in American International Group by 6.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 132,551 shares of the insurance provider's stock worth $9,650,000 after acquiring an additional 7,719 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in American International Group by 4.3% in the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 889,914 shares of the insurance provider's stock worth $64,563,000 after acquiring an additional 36,568 shares in the last quarter. Brighton Jones LLC acquired a new position in shares of American International Group during the 4th quarter worth $1,091,000. Finally, Galvin Gaustad & Stein LLC purchased a new position in shares of American International Group in the 4th quarter valued at about $291,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 14th. Bank of America boosted their price target on American International Group from $82.00 to $86.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. dropped their price objective on American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday, January 3rd. Royal Bank of Canada reissued an "outperform" rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. Finally, Jefferies Financial Group lifted their price target on American International Group from $82.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $84.13.

American International Group Trading Down 1.2 %

Shares of AIG stock traded down $0.89 during trading hours on Friday, hitting $73.71. 3,628,231 shares of the company were exchanged, compared to its average volume of 3,224,023. American International Group, Inc. has a 1 year low of $67.53 and a 1 year high of $80.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The firm has a fifty day moving average of $73.80 and a 200 day moving average of $74.67. The firm has a market cap of $45.98 billion, a PE ratio of -21.74, a PEG ratio of 5.89 and a beta of 1.06.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the prior year, the firm posted $1.61 EPS. Analysts expect that American International Group, Inc. will post 4.89 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Monday, December 16th. American International Group's dividend payout ratio is currently -47.20%.

American International Group Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.